Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Bought by Winslow Asset Management Inc.

Winslow Asset Management Inc. boosted its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 0.9% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 17,118 shares of the specialty retailer’s stock after purchasing an additional 151 shares during the period. Winslow Asset Management Inc.’s holdings in Ulta Beauty were worth $6,661,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of ULTA. UMB Bank n.a. lifted its stake in shares of Ulta Beauty by 83.3% in the 2nd quarter. UMB Bank n.a. now owns 66 shares of the specialty retailer’s stock valued at $25,000 after purchasing an additional 30 shares during the period. LRI Investments LLC acquired a new position in shares of Ulta Beauty in the first quarter worth about $31,000. Innealta Capital LLC purchased a new stake in shares of Ulta Beauty during the 2nd quarter worth about $32,000. Paladin Wealth LLC purchased a new stake in shares of Ulta Beauty during the 3rd quarter worth about $32,000. Finally, Oakworth Capital Inc. acquired a new stake in shares of Ulta Beauty during the 2nd quarter valued at about $36,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Wall Street Analyst Weigh In

ULTA has been the topic of a number of recent analyst reports. Bank of America lowered their price target on Ulta Beauty from $425.00 to $380.00 and set a “neutral” rating on the stock in a research report on Friday, August 30th. BMO Capital Markets set a $385.00 target price on Ulta Beauty in a research report on Thursday, October 17th. Piper Sandler boosted their price target on shares of Ulta Beauty from $356.00 to $357.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Ulta Beauty from $426.00 to $424.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. Finally, Loop Capital cut their target price on shares of Ulta Beauty from $520.00 to $450.00 and set a “buy” rating for the company in a research note on Tuesday, September 3rd. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $420.71.

Ulta Beauty Trading Down 1.2 %

NASDAQ ULTA opened at $380.54 on Tuesday. The stock has a market cap of $17.93 billion, a PE ratio of 15.27, a P/E/G ratio of 2.21 and a beta of 1.33. Ulta Beauty, Inc. has a twelve month low of $318.17 and a twelve month high of $574.76. The stock has a fifty day simple moving average of $378.86 and a 200-day simple moving average of $379.82.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings results on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share for the quarter, missing analysts’ consensus estimates of $5.47 by ($0.17). The company had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.61 billion. Ulta Beauty had a net margin of 10.68% and a return on equity of 54.02%. Ulta Beauty’s revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the business earned $6.02 earnings per share. Research analysts predict that Ulta Beauty, Inc. will post 23.07 EPS for the current year.

Ulta Beauty Profile

Ulta Beauty, Inc operates as a specialty beauty retailer in the United States. The company offers branded and private label beauty products, including cosmetics, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools through its Ulta Beauty stores, shop-in-shops, Ulta.com website, and its mobile applications.